Shelter Infra Projects Ltd Sees Strong Buying Activity Amid Bullish Trend

Shelter Infra Projects Ltd is currently witnessing significant buying activity, with the stock showing a notable performance relative to the Sensex. Today, the stock has increased by 2.46%, outperforming the Sensex, which has only gained 0.29%. Over the past week, Shelter Infra has recorded a gain of 1.63%, while the Sensex has declined by 0.25%. The stock's performance over the past month is particularly strong, with a rise of 7.82% compared to the Sensex's modest increase of 0.64%.
In terms of longer-term performance, Shelter Infra has seen a substantial 35.50% increase over the past year, significantly outpacing the Sensex's 2.48% rise. However, year-to-date, the stock is down 12.20%, contrasting with the Sensex's gain of 5.49%.

The stock opened with a gap up today and is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend. The erratic trading pattern, with the stock not trading on one day out of the last 20, may also contribute to the current buying pressure, as investors react to recent developments in the construction sector.